Athabasca Oil Corp T.ATH

Alternate Symbol(s): ATHOF

Energy Oil & Gas E&P

Athabasca Oil Corporation (AOC) is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. AOC’s segments include Light Oil and Thermal Oil. The Thermal Oil segment includes the Company’s assets, liabilities and operating results for the exploration, development and production of bitumen from sand and carbonate rock formations located in the Athabasca region of Northern Alberta. It also consists of two operating oil sands steam assisted gravity drainage projects and a resource base of exploration areas in the Athabasca region of northeastern Alberta. The Light Oil segment includes its assets, liabilities and operating results for the exploration, development and production of light crude oil and medium crude oil, tight oil and conventional natural gas. Its Light Oil segment consists exclusively of the Duvernay in the Greater Kaybob area with about 155,000 gross acres across Kaybob West, Kaybob North, Kaybob East and Two Creeks.

TSX:ATH - Post by User

Athabasca Oil Corp > API Crude Oil Stock numbers just out.

<< Previous

Bullboard Posts

Next >>

Post by smallcaptdron Apr 25, 2023 5:07pm

263 Views

Post# 35413343

API Crude Oil Stock numbers just out.

Solid draw at -6Mil barrels the consensus was for -1.6Mil so that could be positive for tomorrow's EIA. We knew that this week would be filled with bumps as far as US Data goes..but every failed peak is followed by a successful rebound. Just roll with the punches and if Oil ever did hit $75 it shouldn't be for long just a week ago talk was $90+ Oil and tonight's draw shows a market tightening up. Oil will head back toward $80+ and that's why we're seeing acquisitions happening in the Oil Industry every Oil Company has made serious coin over the last year so they're well funded and this should keep SP resilient.

United States API Crude Oil Stock Change - 2023 Data - 2012-2022 Historical (tradingeconomics.com)

US API Crude Oil Stock